Supreme Court · 2006 INSC 64 · Decided 2 February 2006
M/S Dove Investments PVT. LTD. and ORS. v. M/S Gujarat Industrial INV. Corporation and ANR.
- Court
- Supreme Court of India
- Citation
- 2006 INSC 64 · [2006] 1 S.C.R. 1087
- Case number
- CIVIL APPEAL No. 942/2006
- Decided
- 2 February 2006
- Bench
- S.B. SINHA, P.K. BALASUBRAMANYAN (2-judge bench)
- Outcome
- Dismissed
- Case type
- Civil
- Acts & sections cited
- Constitution Article 136, 142; Companies Act Section 108
Headnote
B Companies Act, 1956: Section 108(/c)-Transfer of shares-Registration of-Delay in filing application for-Registration of transfer allowed-High Court affirming the C order-Held, Section 108 requires the applicant desiring to obtain registration of transfer of shares in its favour to comply with is directory in nature, the same should be substantially complied with-What would satisfy the requirements of substantial compliance would depend upon facts of each case-On facts, D . appellants not prejudiced by act of respondent No. I in not filing application for registration of transfer
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